375.1228. Records may be destroyed after discharge, exceptions.
Records may be destroyed after discharge, exceptions.
375.1228. 1. Whenever it shall appear to the director thatthe records of any insurer after discharge of the liquidator areno longer useful, he may, after complying with sections 109.200to 109.310, RSMo, recommend to the court and the court shalldirect what records should be retained for future reference andwhat should be destroyed, provided that the following recordsshall be retained for five years after the date of discharge:
(1) Financial records regarding administration of theestate;
(2) Records of claims and allowances or disallowancesthereof.
2. Notwithstanding the provisions of section 375.1158, theprovisions of this section shall apply to delinquency proceedingscommenced before and after August 28, 1991.
(L. 1991 H.B. 385, et al. § 97)